MIT’s approach to sustainability is firmly grounded in strong and effective governance provided by the Board.

The Board is supported by several committees, which oversee the implementation and operationalisation of the Board’s sustainability plans. These committees comprise a wide range of roles and functions, which allow for effective oversight of MIT’s sustainability performance and progress. MIT’s wider sustainability governance structure includes representatives from both the Manager and the Sponsor, which ensures overall alignment with the Mapletree Group’s sustainability ambitions.

Sustainability Governance

MIT’s sustainability performance is benchmarked against the Sponsor’s and other industry peers. The Manager is committed to broadening its business focus beyond financial returns to incorporate ESG considerations. It strives to create value for its stakeholders through the following approach:

Mapletree ESG Framework

Materiality

The Manager recognises that a meaningful sustainability approach involves understanding stakeholders’ key concerns and identifying and prioritising the matters that are most relevant to its business and stakeholders. 

As part of a periodic review of its material topics, the Mapletree Group and REITs conducted a materiality reassessment to update some of the material topics and to align with evolving stakeholder expectations. This involved a double materiality assessment and engagement of key stakeholder groups, which included employees, suppliers, tenants, contractors, and investors. The engagement questionnaire covered both impact and financial materiality, which is in alignment with global best practices.

Materiality Reassessment Process

The materiality reassessment reaffirmed the relevance of most of MIT’s current material topics and highlighted new and emerging material topics that are becoming increasingly important to MIT’s key stakeholder groups. Due to the correlation of two of the governance topics – “Ethical Business Conduct” and “Compliance with Laws and Regulations”, MIT has combined them into one material topic as “Ethical Business Conduct and Regulatory Compliance”. Rapid technological advancements has heightened cybersecurity and data privacy concerns among key stakeholder groups. This was identified as a new material topic in the materiality reassessment exercise.

The Manager will continue to engage its stakeholders to periodically assess the relevance of the various material topics amid the evolving ESG landscape

The material matters, targets and performance are summarised here.

A summary of Mapletree Group's Environmental, Social and Governance-related policies can be found here. You may also read the summary in Chinese, Japanese and Korean.